Legally astute management teams practicing strategic compliance management:
A) view the cost of complying with government regulation is viewed as an investment, not an expense.
B) view the cost of complying with government regulation is viewed as an expense which should be avoided until legal action is threatened.
C) do only the minimum necessary to comply with any applicable law should be done.
D) view the cost of complying with government regulation as an expense which should be avoided until legal action is threatened, while only engaging in the minimum efforts necessary to comply with any applicable law.

Question

Quizplus · Accepted Answer

Legally astute management teams practicing strategic compliance management understand that non-compliance can lead to costly legal actions, negative publicity, and damage to the company's reputation. As a result, they view the cost of complying with government regulation as an investment in the company's long-term success, rather than an expense. By prioritizing ethical and legal compliance, these management teams can enhance their company's reputation and build customer loyalty.

Legally Astute Management Teams Practicing Strategic Compliance Management